DUTIES ACT 2001 - SECT 401 What is a parent company
DUTIES ACT 2001 - SECT 401
What is a parent company401 What is a parent company
A company is the
"parent company" of another company if—
(a) it directly owns, other than as trustee, at least 90% of the issued shares in the other company; and
(b) has voting control over the other company.